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Using Percents: Activity 2 of 3

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Peter is shopping for a mattress at The Princess and the Pea Mattress Store. After testing out a few brands, he settles on a Sleep Tight mattress, priced at $330, plus 8% tax.

The Princess and the Pea Mattress Store offers an installment plan. The store will allow Peter to pay for the mattress in 3 monthly installments of $110. For this service, they charge 5% of the cost of the mattress, before tax.

How much will Peter pay for the mattress if he opts for the installment plan?
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Question 2 of 10